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Strategies & Market Trends : Point and Figure Charting

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To: Judy who wrote (316)	2/3/1998 9:16:00 PM
From: Jorj X Mckie	Read Replies (2) of 34814

Hi Judy, I have to agree with your move on AMAT. I bought both MOT and MU while they were below their bearish resistance (MU still is) and I have done quite well. With strength in the sector it should be able to break through the bearish resistance at 37 and subsequent double top at 40. I have been looking at AOL...mostly on the short side. PnF does not support a short play at this point, but for the most part it is in uncharted territory. On another thread about a month ago, you said that you were waiting for the sentiment to change before AOL was a short opportunity (or something to that affect). What would you need to see to that would indicate that the sentiment had changed? (of course, I could be a good little PnF chartist and wait for a sell signal at 91. But even then it would be a weak signal since it would still be well above the bullish support). Tom

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